Gram (prev. Toncoin)

GRAM Price

What is TON?

TON (The Open Network) is a Layer 1 smart contract network specializing in financial applications. It was first developed by Telegram’s co-founder Nikolai Durov known as “Telegram Open Network” but has been relaunched as “The Open Network” under the TON Foundation.

How Does TON Work?

TON was a Proof-of-Work blockchain before migrating to a Proof-of-Stake consensus algorithm. More specifically, it runs the BPoS (Block-Proof of stake) consensus algorithm, a Byzantine Fault-Tolerant variant of the PoS algorithm.

TON consists of two major chains known as masterchains and workchains. Masterchains are the central coordinators of the networking managing validator nodes while workchains handle requests from smart contracts and dApps. On TON, workchains are split into multiple shards that each complete different tasks for more efficient transaction processing.

Web3 Services on TON

While TON specializes in financial applications, it also provides other services such as

• TON Storage is a decentralized file storage system based on peer-to-peer file-sharing technology. It allows users to upload and retrieve data globally with unique file IDs.
• TON Domain Name Service (DNS) converts TON wallet addresses to human-readable names
• TON Proxy securely and privately connects developers with applications on the blockchain. Users can also launch web servers on the TON blockchain via TON Sites.

What is Toncoin?

Toncoin (TON) is the native token of The Open Network, used for transaction fees, staking, and governance. It powers the TON ecosystem, with validators and stakers receiving TON rewards for protecting the network. It also has an on-chain governance platform for TON holders to submit improvement proposals.

Where can you buy Gram (prev. Toncoin)?

GRAM tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Gram (prev. Toncoin) is Gate, where the most active trading pair GRAM/USDT has a trading volume of $3,260,536.04 in the last 24 hours. Other popular options include Binance and OKX.

What is the daily trading volume of Gram (prev. Toncoin) (GRAM)?

The trading volume of Gram (prev. Toncoin) (GRAM) is $54,376,840.53 in the last 24 hours, representing a -26.50% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Gram (prev. Toncoin) (GRAM)?

Gram (prev. Toncoin) (GRAM) reached an all-time high of $8.25 and an all-time low of $0.5194. It’s now trading -82.20% below that peak and 183.00% above its lowest price.

What is the market cap of Gram (prev. Toncoin) (GRAM)?

Market capitalization of Gram (prev. Toncoin) (GRAM) is $4,131,307,186 and is ranked #32 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GRAM tokens (2.8 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Gram (prev. Toncoin) (GRAM)?

The fully diluted valuation (FDV) of Gram (prev. Toncoin) (GRAM) is $7,720,621,342. This is a statistical representation of the maximum market cap, assuming total number of 5.3 Billion ETH tokens are in circulation today.

How does the price performance of Gram (prev. Toncoin) compare against its peers?

With a price increase of 11.80% in the last 7 days, Gram (prev. Toncoin) (GRAM) is underperforming the global cryptocurrency market which is up 14.80%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 15.50%.